UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 ORor 15(d) ~~of The Securities Exchange Act of 1934~~

~~Date~~ of ~~report~~the ~~(Date~~Securities ofExchange ~~earliest~~Act ~~event reported):~~of ~~June~~1934 ~~8, 2016~~

Date of report (Date of earliest event reported): June 11, 2016

CONGAREE BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

South Carolina	~~000~~0-52592	20-~~1734180~~3863936
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1201 Knox Abbott Drive Cayce, South Carolina, 29033 (Address of principal executive offices) (Zip Code)

1201 Knox Abbott Drive, Cayce, South Carolina	29033
(Address of principal executive offices)	(Zip Code)

(803) 794-2265

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

x	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~INFORMATION ~~5.07.~~TO ~~Submission~~BE ofINCLUDED ~~Matters~~IN toTHE ~~a Vote of Security Holders.~~REPORT

~~See~~ITEM ~~Item 8~~2.01, ~~incorporated~~Completion byof ~~reference~~Acquisition ~~herein~~or Disposition of Assets.

~~Item~~Effective 8June 11, 2016, Carolina Financial Corporation (“Carolina Financial”), the holding company for CresCom Bank, completed its previously announced merger with Congaree Bancshares, Inc.01 (“Congaree”), the holding company for Congaree State Bank, pursuant to the Agreement and Plan of Merger, dated as of January 5, 2016, between Carolina Financial, CBAC, Inc., ~~Other~~a ~~Events~~South Carolina corporation and wholly-owned subsidiary of Carolina Financial, and Congaree. At closing, CBAC, Inc. merged with and into Congaree, with Congaree surviving as a wholly-owned subsidiary of Carolina Financial. Immediately thereafter, Congaree merged with and into Carolina Financial, with Carolina Financial as the surviving corporation, and Congaree State Bank, a South Carolina state bank, also merged with and into CresCom Bank, a South Carolina state bank, with CresCom Bank surviving the merger and continuing its corporate existence.

~~Congaree Bancshares,~~Under ~~Inc., a South Carolina corporation (~~the ~~“Company”),~~terms ~~held a special meeting (the “Special Meeting”)~~ of the ~~Company’s shareholders on June 8, 2016. At the Special Meeting, the Company’s shareholders voted to approve the~~ Agreement and Plan of Merger, ~~dated~~Congaree asshareholders have ~~of January 5, 2016, by and between~~ the ~~Company,~~right ~~Carolina Financial~~to ~~Corporation,~~receive ~~and~~either ~~CBAC, Inc~~$8.10 ~~(the~~in ~~“Merger~~cash ~~Agreement”)~~or 0.4806 ~~The~~shares ~~shareholders~~ of ~~the~~Carolina ~~Company~~Financial ~~also~~common ~~voted to approve the proposal to adjourn the special meeting~~stock, ifor ~~necessary~~a orcombination ~~appropriate~~thereof, tofor each ~~solicit~~Congaree ~~additional~~share ~~proxies in~~they ~~favor~~owned ofimmediately ~~the~~prior ~~proposal~~ to ~~approve~~ the ~~Merger Agreement. The special meeting was not adjourned. In addition~~merger, ~~the~~subject ~~shareholders of the Company voted~~ to ~~approve~~ the ~~proposal~~limitation tothat ~~approve,~~40% onof ~~an advisory (non-binding) basis,~~ the ~~compensation~~outstanding ~~that~~shares ~~certain executive~~of ~~officers~~Congaree ofcommon ~~the~~stock ~~Company~~ will orbe ~~may~~exchanged ~~receive~~for incash ~~connection~~and ~~with~~60% ~~the merger pursuant to existing agreements or arrangements with the Company. As~~ of ~~April 13, 2016,~~ the ~~record~~outstanding ~~date for the Special Meeting, the Company had 1,766,439~~ shares of Congaree common ~~shares~~ ~~outstanding. The~~stock ~~final~~will ~~voting~~be ~~results~~exchanged for shares ~~each~~of ~~proposal are~~Carolina ~~set~~Financial ~~forth~~common ~~below:~~stock.

~~Proposal~~The 1:foregoing ~~Approve~~description of the Agreement and Plan of Merger does not purport to be complete and is qualified in its entirety by reference to the Agreement and Plan of Merger, which is incorporated herein by reference as Exhibit 2.1.

For	Against	Abstain
1,328,275	8,600	5,650

FORWARD-LOOKING STATEMENTS

~~Proposal~~This 2Form 8-K contains certain forward-looking statements, including certain plans, expectations, goals, and projections, and including statements about the benefits of the merger between Carolina Financial and Congaree, which are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those anticipated by such statements for a variety of factors including, without limitation: ~~Approve~~the businesses of Carolina Financial and Congaree may not be integrated successfully or such integration may take longer to accomplish than expected; the expected cost savings and any revenue synergies from the merger may not be fully realized within the expected timeframes; disruption from the merger may make it more difficult to maintain relationships with clients, associates, or suppliers; changes in economic conditions; movements in interest rates; competitive pressures on anproduct ~~Advisory~~pricing ~~(Non-Binding)~~and ~~Basis~~services; success and timing of other business strategies; the nature, ~~Executive~~extent, ~~Compensation~~and timing of governmental actions and reforms; and extended disruption of vital infrastructure; and other factors described in Carolina Financial’s Annual Report on Form 10-K and documents subsequently filed by Carolina Financial with the Securities and Exchange Commission. All forward-looking statements included in this Form 8-K are based on information available at the time of the filing. Carolina Financial assumes no obligation to update any forward-looking statement.

For	Against	Abstain
1,158,316	76,831	107,378

ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT

~~Proposal~~Carolina 3:Financial ~~Approve~~has ~~Adjournment~~filed relevant documents concerning the transaction with the Securities and Exchange Commission, including a registration statement on Form S-4 that includes a proxy statement/prospectus. Shareholders of Congaree can obtain a free copy of the ~~Special~~proxy statement/prospectus, as well as other filings by Carolina Financial, at the Securities and Exchange Commission’s internet site (http://www.sec.gov). Copies of the proxy statement/prospectus and the filings with the Securities and Exchange Commission that are incorporated by reference in the proxy statement/ prospectus can also be obtained, without charge, by directing a request to Carolina Financial Corporation, 288 Meeting Street, Charleston, SC 29401, Attention: William A. Gehman, III, Executive Vice President and Chief Financial Officer.

For	Against	Abstain
1,315,401	15,400	12,024

SHAREHOLDERS OF CONGAREE ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED MERGER.

~~The~~This ~~parties anticipate~~communication ~~the~~shall ~~merger~~not ~~transaction~~constitute ~~will~~an ~~close within~~offer ~~one~~to ~~week~~sell ~~following~~or the solicitation ~~Special~~of ~~Meeting,~~an ~~subject~~offer to ~~the~~buy, ~~satisfaction~~nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation ~~customary~~or ~~closing~~sale ~~conditions~~would be unlawful under the securities laws of any such jurisdiction.

~~Forward-Looking~~ITEM ~~Statements~~3.03 Material Modifications to Rights of Security Holders.

~~Certain~~Effective ~~statements~~June in11, ~~this~~2016, ~~Current~~the ~~Report~~outstanding onshares ~~Form~~of ~~8-K may contain “forward-looking statements”~~Congaree’s ~~within~~common ~~the~~stock ~~meaning~~(other ofthan ~~the~~shares ~~Private~~held ~~Securities~~by ~~Litigation~~Congaree, ~~Reform~~Carolina ~~Act of 1995~~Financial, ~~such~~or asany ~~statements~~of ~~relating~~their torespective ~~future~~wholly ~~plans~~owned ~~and~~subsidiaries) ~~expectations,~~were ~~and~~converted ~~are~~into ~~thus~~the ~~prospective.~~right ~~Such forward-looking statements include but are not limited~~ to ~~statements~~receive ~~with~~either ~~respect~~$8.10 toin ~~our~~cash ~~plans, objectives,~~or ~~expectations~~0.4806 ~~and~~shares ~~intentions~~of ~~and~~Carolina ~~other~~Financial ~~statements~~common ~~that are not historical facts~~stock, ~~and~~or ~~other~~a ~~statements identified by~~combination ~~words such as “believes~~thereof,” ~~“expects,”~~for ~~“anticipates,”~~each ~~“estimates,”~~Congaree ~~“intends,” “plans,”~~share ~~“targets,”~~they ~~and~~owned ~~“projects,”~~immediately asprior ~~well as similar expressions. Such statements are subject~~ to ~~risks,~~the ~~uncertainties~~merger, ~~and~~subject ~~other factors which could cause actual results~~ to ~~differ~~the ~~materially~~limitation ~~from future results expressed or implied by such forward-looking statements. Although we believe~~ that ~~the~~40% ~~assumptions~~of ~~underlying~~ the ~~forward-looking statements~~outstanding ~~are~~shares ~~reasonable, any~~ of ~~the~~Congaree ~~assumptions~~common ~~could~~stock ~~prove~~will to be ~~inaccurate.~~exchanged ~~Therefore,~~for wecash ~~can~~and ~~give~~60% noof ~~assurance that~~ the ~~results~~outstanding ~~contemplated in~~shares ~~the forward-looking statements will be realized. The inclusion~~ of ~~this~~Congaree ~~forward-looking~~common ~~information~~stock ~~should~~will ~~not~~ be ~~construed as~~exchanged afor ~~representation~~shares byof ~~our~~Carolina ~~company~~Financial orcommon ~~any person that the future events, plans, or expectations contemplated by our company will be achieved~~stock.

~~WHERE~~As ~~YOU~~described ~~CAN~~in ~~FIND~~Congaree’s ~~MORE~~Current ~~INFORMATION~~Report on Form 8-K filed June 10, 2016, the Agreement and Plan of Merger was approved by Congaree’s shareholders at the special meeting of shareholders held on June 8, 2016. The information set forth in Item 2.01 of this Current Report on Form 8-K is incorporated by reference herein.

InITEM ~~connection with the merger transaction, Carolina Financial Corporation filed a registration statement on Form S-4, as amended, with the SEC that was declared effective by the SEC on April 7, 2016~~5. ~~The~~01 ~~Proxy~~Changes Statement/Prospectus, which forms a part of the Form S-4, was mailed to the Company’s shareholders on or about April 15, 2016. Each of Carolina Financial Corporation and the Company may file other relevant documents concerning the merger transaction. The Company’s investors are advised to read the Proxy Statement/Prospectus and any other relevant documents filed with the SEC in ~~connection~~Control with the merger transaction or incorporated by reference in the Proxy Statement/Prospectus when they become available because they will contain important information about the Company, Carolina Financial and the merger transaction. Investors may obtain these documents free of ~~charge at the SEC’s website (www~~Registrant.~~sec.gov).~~

InEffective ~~addition~~June 11, ~~documents~~2016, ~~filed~~Congaree merged with ~~the~~and ~~SEC~~into by Carolina ~~Financial Corporation are available free of charge~~ ~~upon written request to: Carolina~~ Financial ~~Corporation~~, ~~288~~and ~~Meeting Street~~accordingly, ~~Charleston,~~a SCchange ~~29401,~~in ~~Attention:~~control ~~William~~of ACongaree occurred. ~~Gehman, III,~~The ~~Executive~~information ~~Vice~~set ~~President~~forth ~~and~~in ~~Chief Financial Officer~~Item 2. ~~Documents~~01 ~~filed~~of ~~with~~this ~~the SEC by the Company are available free~~Current ofReport ~~charge~~on ~~upon~~Form ~~written~~8-K ~~request~~is ~~to:~~incorporated ~~Congaree~~by ~~Bancshares,~~reference ~~Inc~~herein.~~, 1201 Knox Abbott Drive, Cayce, South Carolina 29033, Attention: Charles A. Kirby.~~

~~SIGNATURES~~ITEM 8.01 Other Events.

~~Pursuant~~On June 10, 2016, Smith Moore Leatherwood LLP (“Smith Moore”) issued a tax opinion to the ~~requirements~~effect that (i) the merger will constitute a reorganization as described in Section 368(a) of the ~~Securities~~Internal Revenue ~~Exchange~~Code ~~Act~~(the “Code”), (ii) each of ~~1934~~Carolina Financial and Congaree will be a party to that reorganization within the meaning of Section 368(b) of the Code, and (iii) the ~~registrant~~discussion ~~has~~contained ~~duly~~in ~~caused~~Carolina ~~this~~Financial’s ~~report~~Registration Statement on Form S-4 under the heading “PROPOSAL NO. 1 – THE MERGER – Important Federal Income Tax Considerations,” to bethe ~~signed~~extent such discussion relates to matters of United States federal income tax law constitutes, in all material respects, ona ~~its~~fair ~~behalf~~and byaccurate summary of the ~~undersigned~~United ~~hereunto~~States ~~duly~~federal ~~authorized~~income tax consequences of the merger generally applicable to a former Congaree shareholder.

	CONGAREE BANCSHARES, INC.
Date: June 10, 2016	/s/ Charles A. Kirby
	Name:	Charles A. Kirby
	Title:	President & CEO

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Number	Description
2.1	Agreement and Plan of Merger by and between Carolina Financial Corporation, CBAC, Inc., and Congaree Bancshares, Inc. dated January 5, 2016 (incorporated by reference to Exhibit 2.1 to Carolina Financial’s Registration Statement on Form S-4 (File Number 333-209440) filed on February 9, 2016).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CAROLINA FINANCIAL CORPORATION,
	Successor by Merger to Congaree Bancshares, Inc.

	By:	/s/ William A. Gehman, III
	Name:	William A. Gehman, III
	Title:	Chief Financial Officer

Dated: June 16, 2016

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